Serves as a senior US Citi Research compliance risk officer for Independent Compliance Risk Management (ICRM) responsible for establishing internal strategies, policies, procedures, processes, and programs to prevent violations of law, rule, or regulation and design and delivery of a risk management framework that maintains risk levels within the firm's risk appetite and protects the franchise. In addition, engages with the ICRM product and function coverage teams, in order to partner to develop and apply CRM program solutions that meet function/business/product and customer needs in a manner consistent with the Citi program framework.
Key Activities include:
Providing compliance coverage to the US Citi Research businesses. Provides compliance guidance on Research rules and regulations relating to operational issues, transactional approvals and the application of internal compliance policies for day-to-day activities;
Provide subject matter expertise and guidance to senior stakeholders in the US Citi Research business in various areas, including: Equity and Fixed Income research products and related rules and regulations, Global Research Settlement, Research independence and information barriers, Section 5, CFTC Research Conflict of Interest Rules, FINRA rules including, 2210, 2241 and 2242, and relevant global regulations such as MAR, MIFID and ASIC rules relating to research.
Directing the design, development, delivery and maintenance of best-in-class Compliance, programs, policies and practices for ICRM. Translates ICRM strategy and goals across Citi’s clients, products and geographies; provides direction and guidance on the programs.
Staying abreast of relevant changes to rules/regulations and other industry news including regulatory findings.
Providing oversight and guidance over the assessment of complex issues, structures potential solutions and drives effective resolution with other stakeholders. Provides advice to the US Citi Research businesses on an ongoing basis on new initiatives, new products, acquisitions, and client-related matters with respect to applicability of policies, resolution of potential red flags or other client/transaction-related compliance escalations.
Representing Citi on critical regulatory matters as required. Serves as liaison with regulatory examiners, Internal Audit, and external auditors on critical Compliance issues and oversees the implementation of related remediation. Collaborating with other internal areas including: Legal, Business Management, Operations, Technology, Finance, other Control Functions, and In-Business Risk to address compliance issues which may impact the assigned function/business/product.
Supporting the US Citi Research business in performing timely compliance reviews of new transactions and/or products
Managing ICRM initiatives as required, such as the implementation of new Compliance systems, controls, and related project management work efforts;
Assisting in the development and administration of Compliance training for the US Citi Research business.
Overseeing the monitoring and identification of regulatory developments, including enforcement actions, and new laws, regulations, rules, and interpretations or guidance relating to the Citi Research business.
Analyzing and scoping the impact including applicability of new and complex regulatory developments across the Citi Research business, including cross-border impact.
Assisting in the establishment of ICRM policies, procedures and controls to comply with these new or changed laws and regulations.
Mentoring and developing junior staff.
Participating in industry groups and trade association working groups or other forums;
Additional duties as assigned.
Highly motivated, strong attention to detail, team oriented, organized
Excellent written, verbal and analytical skills
Strong communication and interpersonal skills; strong presentation skills with the ability to articulate complex problems and solutions through concise and clear messaging
Ability to interact and communicate effectively with senior leaders
Significant knowledge and expertise of Compliance laws, rules, regulations, risks and appropriate controls
Experience in the design and implementation of Compliance programs
Demonstrated ability to assess complex issues through root cause analysis and other analytical techniques; structure potential solutions; drive to resolution with senior stakeholders
Ability to influence and lead people across cultures at a senior level using sound judgment and successful execution, understanding how to operate effectively across diverse Business/Function
Experience with and previous exposure to internal or external control functions and regulators
Ability to challenge Business/Function management and escalate issues when appropriate
Strong track record of effectively assessing and managing competing priorities
Comfortable navigating complex, highly-matrixed organizations
Comfortable acting as an agent for positive change with agility and flexibility
Effective negotiation skills, a proactive and 'no surprises' approach in communicating issues and strength in sustaining independent views. Strong presentation and relationship management skills are essential
Subject matter expertise in area of focus
Expertise in Equity and Fixed Income research products and related rules and regulations, Global Research Settlement, Research independence and information barriers, CFTC Research Conflict of Interest Rules, FINRA rules including, 2210, 2241 and 2242 and applicable global regulations.
Required: Bachelor’s degree; experience in compliance, legal or other control-related function in the financial services firm, regulatory organization, or legal/consulting firm, or a combination thereof; strong working knowledge of Equity and Fixed Income Research Products and related laws and regulations
Preferred: Advanced degree (e.g. JD, MBA)
Grade :All Job Level - All Job FunctionsAll Job Level - All Job Functions - US
Time Type :
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